Cavalli closes 2022 with +45% thanks to shoes and accessories

Cavalli closes 2022 with +45% thanks to shoes and accessories

Roberto Cavalli records a 40% increase in sales of footwear and accessories. Overall, Roberto Cavalli and Just Cavalli closed 2022 with a turnover of 84 million euro, equal to a 45% increase on 2021. General manager Ennio Fontana aims to reach 120 million next year also thanks to investments on the retail and distribution chain. The performance of the footwear segment facilitated the growth.

How 2022 ended

Fontana explained the status of Roberto Cavalli’s relaunch. The company is now owned by Vision Investments, owned in terms by Damac Properties (Dubai), which is in turn tied to businessperson Hussain Sajwani. Fontana told Pambianco that the company will close 2022 with a turnover of 84 million euro (+45% on 2021) an that it plans on strengthening growth in 2023, the year in which the band should, according to plans, reach 120 million in revenue.

Thanks to shoes and accessories

Roberto Cavalli’s reference markets are the United States, Europe, and Middle East. Online sales join the mix. Fontana highlighted how, beside from apparel, which generated the majority of sales in 2021, footwear and accessories grew 40%. The brand’s program includes the opening of new stores in Rome, Las Vegas, Dubai, and Houston.

Relunching Just Cavalli

The forecast for 2023 is justified by the relaunch of Just Cavalli. The brand should bring 25 additional million euro in the mix for the group. It’s the supposed result from the investments made until now. Fontana lists them, starting with the multi-year deal with Swinger International, which will produce ready-to-wear products, leathers goods, accessories, and shoes for the Spring/Summer 2023 collection. Then there are also kidswear and sunglasses. Fontana also opened to the possibility that Just Cavalli could come back on the catwalks of Milan Fashion Week. Additionally, he is thinking of opening owned-brand stores, and announced that, for March 2023, “the first e-commerce platform completely managed by the brand, will be inaugurated on Just Cavalli’s website”.

Read also:


Choose one of our subscription plans

Do you want to receive our newsletter?
Subscribe now